Asia: Safflower Seed Market 2025

Safflower Seed Market Size in Asia

In 2022, the Asian safflower seed market increased by 22% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Safflower Seed Production in Asia

In value terms, safflower seed production totaled $X in 2022 estimated in export price. In general, production, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Kazakhstan (X tons) remains the largest safflower seed producing country in Asia, comprising approx. 65% of total volume. Moreover, safflower seed production in Kazakhstan exceeded the figures recorded by the second-largest producer, India (X tons), sixfold. China (X tons) ranked third in terms of total production with a 9.7% share.

In Kazakhstan, safflower seed production increased at an average annual rate of +5.9% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (-12.1% per year) and China (+0.4% per year).

In 2022, the average yield of safflower seed in Asia expanded significantly to X kg per ha, with an increase of 8.5% compared with the previous year's figure. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 9.4% against the previous year. The level of yield peaked at X kg per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of safflower seed in Asia declined slightly to X ha, dropping by -4.5% on the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. Over the period under review, the harvested area dedicated to safflower seed production attained the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Safflower Seed Exports

Exports in Asia

In 2022, safflower seed exports in Asia surged to X tons, rising by 29% compared with the previous year. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 286%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, safflower seed exports amounted to $X in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 304% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Kazakhstan prevails in exports structure, accounting for X tons, which was approx. 88% of total exports in 2022. It was distantly followed by Turkey (X tons), generating an 8.6% share of total exports. India (X tons) followed a long way behind the leaders.

Exports from Kazakhstan increased at an average annual rate of +31.5% from 2012 to 2022. At the same time, Turkey (+43.6%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +43.6% from 2012-2022. By contrast, India (-11.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan, Turkey and India increased by +17, +5.7 and +2.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest safflower seed supplier in Asia, comprising 81% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports.

In Kazakhstan, safflower seed exports expanded at an average annual rate of +36.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+38.7% per year) and India (-10.2% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, reducing by -17.2% against the previous year. Overall, the export price showed a slight descent. The most prominent rate of growth was recorded in 2019 when the export price increased by 52% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Safflower Seed Imports

Imports in Asia

In 2022, the amount of safflower seed imported in Asia skyrocketed to X tons, picking up by 66% on the previous year's figure. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 184% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, safflower seed imports soared to $X in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 143% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Turkey (X tons) and China (X tons) prevails in imports structure, together creating 78% of total imports. It was distantly followed by Uzbekistan (X tons) and Kazakhstan (X tons), together constituting a 9.7% share of total imports. Iraq (X tons), the Philippines (X tons) and Taiwan (Chinese) (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kazakhstan (with a CAGR of +45.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and the Philippines ($X) constituted the countries with the highest levels of imports in 2022, together comprising 85% of total imports. Iraq, Kazakhstan, Uzbekistan and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 11%.

Kazakhstan, with a CAGR of +53.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by 1.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 37%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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